Airbus is also discussing the possibility of selling a A380 superjumbo jet to China as part of a separate deal. On Wednesday Airbus stated it has signed an agreement to sell 140 aircrafts to China, in a deal worth nearly… Read More ›
China
Samsung to sink in $18.6 billion to maintain its lead in memory chip and next gen display business
With demand exceeding supply, chipmakers are expected to report record profits this year. On Tuesday, Samsung Electronics Co Ltd disclosed it plans on investing at least $18.63 billion (21.4 trillion won) in South Korea in order to extend its lead… Read More ›
Trump Administration to go ahead with $1.42 billion arm sales to Taiwan
China needs to recognize that its gamble to help North Korea’s nuclear and missile programs in contrast to world opinion will have consequences and this U.S Administration will not shy away from taking punitive action. The Donald Trump Administration is… Read More ›
Takata Corp files for bankruptcy in Japan and in the U.S.
The company has got itself a sponsor from U.S.-based Key Safety Systems which is owned by China’s Ningbo Joyson Electronic Corp. Japanese airbag manufacturer, Takata Corp which found itself in the centre of one of the auto industry’s biggest ever… Read More ›
Toshiba selects Bain-led consortium for its chip manufacturing plant
While the chip manufacturing industry is considered by Japan to be of national interest, and Toshiba made active efforts to put the snooping Chinese at bay, sources reveal that SK Hynix, considered close to China, will partly finance the purchase…. Read More ›
The mirage of success in China’s “Belt and Road” initiative
The success painted by Beijing’s state owned media regarding its strategic Belt and Road initiative significantly differs from the reality of the situation. As part of its central “Belt and Road” strategy, China has created an international free trade zone… Read More ›
U.S. likely to lose the lead to China on climate change
California’s governor is taking the lead in setting voluntary agreements that fight global warming and climate change. Jerry Brown, California’s Governor disclosed on Thursday that he would discuss the issue of merging carbon trading markets in California when he travels… Read More ›
Korean Peninsula heating up in the wake of missile launches by the North
The economic consequences of a limited skirmish are enormous. In its latest defiance of world pressure, North Korea has fired, at least, one short-ranged ballistic missile on Monday which landed in the sea off its east coast. The Scud-class ballistic… Read More ›
Japan Inc has better trade opportunities at hand than those offered by China’s debt-ridden ‘Belt and Road’ initiative: Reuters Poll
As per the results of a survey conducted by Reuters, there is widespread scepticism on the Chinese initiative, with critics saying the project is an attempt to project Chinese influence overseas. As per a Reuters poll, the vast majority of… Read More ›
Trump extends sanctions relief to Iran under U.S.-Iran nuclear deal
Trump has however sanctioned a Chinese man and three Chinese companies along with two senior Iranian defense officials for supporting Iran’s ballistic missile program. In a move that has caught many by surprise, U.S. President Donald Trump has extended wide… Read More ›
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